Australia's largest stock trading and investment forum Australia's #1 stock forum

MGT

Click for more information

15.5%

33.5¢ magnetite mines limited.

I agree with what you are saying to an extent. But that is the...

First 12 Last

Share
Profile

Follow
BoogieB

782 Posts.

242

22/06/22

15:15

Post #: 62139615
Share

Originally posted by HAW22BH: ↑

You wrote - quote

“wondering if IO price potentially the main do/die marker we need to be watching?

Unquote

Absolutely this must be watched. The bottom line is that if it continues to drop MGT will not get finance. Whilst that may change in the next upward cycle - if it drops below $75/t there isn’t a hope in hell of MGT getting finance soon. I personally don’t see it happening - I see it bottoming out around $100/t maybe even $90/t - the news coming out of China in the construction sector isn’t good, despite what many on here preach about stimulus….

MGTs costs are also high - again despite what many here preach. The CFR costs have not been clearly explained by MGT and this is somewhat concerning for me. I look forward to understanding those numbers specifically in the DFS

I’m holding for now and will definitely top up but only once I can see some real progress by management because right now it’s silent

Expand

I agree with what you are saying to an extent. But that is the basis iron ore price. Exactly like HIO, MGT will fetch a premium.

Correct me if I am wrong but wouldn’t CFR currently would only be an estimate? This is without the DFS done.

Can you please quote which costs are high?

MGT Price at posting: 2.3¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 24 more messages in this thread...

First 12 Last

Add MGT (ASX) to my watchlist

(20min delay)
Last 33.5¢		Change 0.045(15.5%)		Mkt cap ! $32.97M

Open	High	Low	Value	Volume
31.0¢	35.5¢	31.0¢	$38.55K	115.2K

Buyers (Bids)

No.	Vol.	Price($)
1	11074	32.0¢

Sellers (Offers)

Price($)	Vol.	No.
34.5¢	6231	1

View Market Depth

No.	Vol.	Price($)
1	11074	0.320
2	8145	0.310
4	49910	0.300
1	45000	0.290
1	15000	0.285

Price($)	Vol.	No.
0.345	6231	1
0.355	9429	2
0.360	109616	4
0.365	34870	3
0.370	80000	3

Last trade - 16.10pm 08/05/2024 (20 minute delay)


Last 32.0¢			Change 0.045 ( 10.3 %)
Open	High		Low	Volume
30.5¢	35.5¢		30.5¢	38155
Last updated 15.41pm 08/05/2024 ?

MGT (ASX) Chart

SPONSORED BY